UMe Realty Group
Call Robert

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$301,781$301,781$359,996
Remaining term (yrs)29.129.130.0
Secondary amount$0$58,215$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.365%7.560%
1st payment$1,923.45$1,923.45$2,472.92
2nd payment$0.00$436.61$0.00
Taxes / mo$160.17$160.17$160.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.48$139.48$72.00
HOA / mo$73.00$73.00$73.00
Total monthly$2,446.10$2,882.71$2,928.09
Cash to close$98,214$40,000$40,000